There is no saying that the market will fall on the delivery day of stock index options. The price rise or fall of stock index futures has little to do with the delivery date. After the delivery date approaches, the stock index price and the market tend to be consistent. If the prices are the same, there is no possibility of falling. Sex, the following reveals the secret of the stock index options delivery day will the market fall? This article comes from: Option Sauce
1. When is the delivery date of stock index options?
The stock index option delivery date is the agreed last trading day of the contract, which is the last day to perform the contract. It is usually the third Friday of the contract month, and will be postponed if it meets a national legal holiday.
The essence of buying and selling stock index option contracts is to sign a contract with others to buy and sell futures index at an agreed price and quantity within an agreed time period. At the agreed final performance time, the buyer and seller must close their positions (terminate the contract) or deliver (cash settlement)
2. Will the market fall on the delivery day of stock index options?
The market may not necessarily fall on the delivery day of stock index options. Although stock index delivery causes some risks to be transferred from stock index futures to stocks, it does not necessarily lead to an inevitable decline in the stock market. The decline and rise of stock indexes are very comprehensive factors.
The main factors that cause the stock market to fall on the delivery day are that short selling caused by selling has to be sold for delivery, so the stock index will fall. In addition, there are more people shorting on the delivery day, and the stock index fluctuates greatly.
1. According to the trend of stock index delivery days in the past, the delivery date of stock index futures or options generally has little impact on the stock market. On the contrary, the rise and fall of the stock market has a certain impact on stock index delivery.
Because: the underlying index tracked by stock index options or futures is the index corresponding to the product. When the index rises or falls sharply on the delivery day, it will cause the futures or options to rise and fall sharply.
2. The delivery day of stock index options is the third trading day after the last trading day. Take CSI 300 Index options as an example. On the delivery day, if the CSI 300 Index rises sharply, it will inevitably cause a sharp rise in the CSI 300 Index options. Rise; conversely, a sharp drop will also have an impact.
Therefore, it is the stock market changes that affect the stock index delivery day, rather than the stock index delivery day affecting the stock market.
3. Tip: On the delivery day of some stock index futures, the futures price may be the same as the spot price, and the collateral of the stock index futures contract is the CSI 300, so the stock index futures delivery day may affect the market.
The delivery date for stock index futures is the fourth Wednesday of each month.
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